According to information from the 2021–22 IP India Annual Report, 66,440 applications were filed in India, which is 7,937 more than were submitted the previous year (58,503). The Minister of Commerce last year praised the DPIIT for “strengthening” the IP regime and “fostering innovation” and noted the trend of rising patent applications and eventual grants.
Tag: patent registration
Is 2023 Going To Prove Itself a Significant Year For Patents in India
The budget 2023-2024 allocated INR 281.60 crores for the IP ecosystem, covering the copyright office and Controller General of Patents, Designs and Trade Marks. The 15% enhancement in funds is allocated to further nourish the Intellectual Property Rights Policy Management, Intellectual Property Appellate Board (IPAB) and infrastructure development in Controller General of Patents, Designs and Trade Marks.
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